Insurance

August 27, 2007 - 5:16am
July 25, 2007 - 5:31am

The tax committee of the NBAA will host two events in conjunction with its 57th annual meeting and convention in Las Vegas in October. The NBAA 13th Annual Tax, Regulatory & Risk Management Conference (previously known as the NBAA Tax Conference) is scheduled for October 10 and 11 at the Las Vegas Hilton.

June 1, 2007 - 5:57am

This year’s Aviation Insurance Association (AIA) conference, held from April 28 to May 1 in Palm Springs, Calif., convened in the atmosphere of an aircraft insurance market that is putting smiles on the faces of aircraft operators while underwriters and brokers tussle in a highly competitive business environment.

May 31, 2007 - 5:43am

Property and casualty insurance company Travelers is venturing into aviation with its Travelers Aviation division, announced last month.

April 25, 2007 - 10:24am

European Union (EU) Regulation 785/2004, which went into effect April 30 and requires minimum aircraft insurance levels for war risk and third-party liability, has resulted in "severe financial impacts" for operators far greater than expected, according to the International Business Aviation Council (IBAC).

April 18, 2007 - 6:40am

Following a hard look at the recent series of air charter accidents, the National Air Transportation Association has taken steps to assist operators in improving safety. NATA president James Coyne unveiled the association's new “Safety 1st” air charter Safety Management System (SMS) in a town hall meeting yesterday with some 50 aviation businesses at Teterboro Airport.

March 29, 2007 - 7:36am

As deliveries of very light jets (VLJs) begin, concerns that they might be difficult to insure have almost evaporated. Manufacturers have had the chance to brief underwriters in depth about their models’ designs, performance characteristics and systems.

March 15, 2007 - 12:50pm

The “Safety Bucks” program from insurer USAIG (United States Aircraft Insurance Group) has contributed more than $4.3 million over the last nine years to defray the training costs or participants in its Preferred Policyholder Program, according to figures released here at Heli-Expo.

February 6, 2007 - 5:58am

Swiss air-rescue provider Rega is ready to help any similar organization that would like to set up a membership-based financing plan. In a presentation at the Geneva Heli Trade show this fall, Rega spokesman Walter Stünzi explained how the private foundation has relied successfully on donors for three decades. An unusual case now, Rega’s system could yet become a model as it has many advantages over other financing systems, he said.

January 31, 2007 - 6:27am

Operators flying within, to, from or over the 25-nation European Union (EU) need to check their insurance policies to ensure that they meet the new minimum liability requirements that will take effect on April 30. Failure to do so could result in the prohibition of flights, the withdrawal of operating licenses and, potentially, criminal prosecution.

 
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